US CPI May Form a Dollar Selling Trend, Focus on US Retail Sales and Producer Prices Today
Yesterday, the much-anticipated US Consumer Price Index (CPI) for October was released. The year-on-year growth came in at +3.2%, slightly below expectations by just 0.1%. However, the market reacted strongly with a sharp drop in US bond yields and a strengthening of the dollar selling trend. The stock market surged. While the slower growth was […]
The US CPI was 6.4%, compared to the expected 6.2%
The US CPI was 6.4%, compared to the expected 6.2%. While higher than expected, it is lower than last month’s 6.5%, a middling figure and the USD has been volatile. However, if anything, it is assumed that it will gradually lean toward USD selling because it is lower than the previous month.
US CPI is declining, almost as expected.
US CPI is declining, almost as expected. Although it fluctuated immediately after that, it is now leaning toward USD selling. From here, as you know, buy GOLD and buy EURUSD.
The slowdown in the US CPI growth has caused a stir in the market, and the ripples are spreading today
Yesterday’s lower-than-expected growth in the US consumer price index triggered a strong dollar-selling reaction. The year-on-year growth in both headline (overall) and core sales was lower than expected, amplifying the market reaction. The dollar/yen fell sharply from around 146 yen to the 140 yen level at one point, a range of about 6 yen. Euro-dollar […]